About Brandon Roberts

Brandon Roberts has been a member since April 19th 2012, and has created 270 posts from scratch.

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The Over-Loan Protection Rider

over loan protection rider

For years, the task of creating income from a life insurance policy was all about balancing the growth of policy loans against the growth of policy cash values. Assuming the policy cash values grew at a faster pace than the loan balance, everything was a-okay.

But what happens if the loan balance outpaces the growth of the policy’s cash value?

…ugly things…

Read More…

178 Oh Kevin, I’d Like to Buy Some Health Insurance

Angry Business Woman shouting into telephone

 

Play

We’re back after a two week unplanned hiatus. Sometimes life happens, not much we can do about that. Thankfully, we still remember how to record and produce a podcast.

Here’s what we’re discussing in episode 178:

A $15/hr. minimum wage?

Obamacare rates set to skyrocket

The housing market is irrational

As always, if you’d like to reach out to us with a question, comment or anything in between you can contact us here.

A Fixed Indexed Annuity Success Story

Fixed Indexed Annuity

 

Fixed indexed annuities are fixed interest rate annuity products that derive the interest rate credited to the policy’s cash values based on movement in an index (the same way indexed universal life insurance derives an interest rate).

They often provide additional benefits through a rider that guarantees a level of income from the annuity. The accumulation of income benefits from these contracts are strong for the risk averse individual.

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There is no Whole Life vs. Term Insurance Debate

whole life insurance versus term life insurance

An aspect of the financial services and insurance industries that has always bugged me is this notion that there is some sort of debate over which life insurance product someone should buy.

To set the stage, the discussion generally notes the differences between term life insurance and whole life insurance (mostly harping on “price” paid for premium) and then makes some esoteric argument about why one is better than the other.

The truth is–and has always been–that there is no debate between the products. They serve two completely different purposes and are bought for very different reasons without a lot of (maybe even dare I say…any) overlap. Read More…

Can the Government Fix Your Retirement Woes?

Brainwashing

By now, you may have heard grumblings about the new proposed fiduciary rule from the Department of Labor.

It’s a proposal that originated (leaked) from the Executive Office of the President. Yep, that’s right; it came straight out of the White House.

The rule seeks to put an end to the following:

Investment losses due to conflicted advice result from the incentives conflicted payments generate for financial advisers to steer savers into products or investment strategies that provide larger payments to the adviser but are not necessarily the best choice for the saver.”

That’s a direct quote from the first page of the proposal. See for yourself.

Let’s decipher that. We (DOL and the Executive office) think the fees and commissions people are paying to brokers and investment advisers on their 401ks are too high, and we don’t like it. So, we want to make a new rule that stops that from happening. Anyone who earns a commission from selling investment or insurance products is greedy, and it is our moral duty to rid the world of their evil!

Sounds reasonable.

Listen up, because this will require your tin foil hat. Fasten it securely, and don’t forget the chinstrap.

Read More…